Hewlett Packard

Houston Independent School District

Marathon Oil Alaska

Marathon Oil Company

Shell Oil Company

State of Texas

Sugarland Dialysis

YMCA
 
 
Shell Oil Company
Challenge
Shell Oil Company retained ARVO Realty Advisors, along with our strategic partner, to provide tenant representation services for expansion of office space and extension of its current lease for office space in downtown Houston. Shell Oil instructed ARVO Realty Advisors to find office space for lease in the Central Business District (CBD) with strong preferential rights. (CBD office space was scarce.) Shell Oil also needed swing space to accommodate its interim growth needs pending the expansion.
Solution
First, ARVO Realty Advisors focused on finding suitable office space options, and then narrowed its selection to properties where office space of the required size and amenities was available.
ARVO Realty Advisors successfully completed the assignment within the client’s objectives by:
Developing a strategic plan
Developing leasing goals
Reviewing and analyzing existing lease
Preparing a competitive property and market analysis
Identifying a short list of qualified options
Conducting property tours
Preparing lease proposals and financial analysis
Negotiating lease terms, including terms for swing space tenancy and option to lease swing space
Negotiating terms for use of parking spaces at below-market rates
Reviewing, analyzing and negotiating lease agreement
Post execution follow up
Result
Assignment was completed on time and on budget.
 
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